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Vlog #106: Accumulating Steem + SMT's will be easy to set up. by exyle

View this thread on: hive.blogpeakd.comecency.com
· @exyle · (edited)
$60.42
Vlog #106: Accumulating Steem + SMT's will be easy to set up.
I bought some STEEM this morning with my Steem Dollars. I think I got a good price. I Bought around 120 STEEM for $1.10 each on the internal markets.

This is why I usually have my payouts 50/50. I like to use my saved SBD to buy dips in the markets.

Steem dollars are doing a great job lately by the way. Keeping close to the US dollar in between the $0.90 - $1.10 range. Very stable.

My goal still is to slowly accumulate more STEEM.


-----



https://youtu.be/Lb1NrDVMKqw



------


# SMT's will be easy to setup.

-------

From the announcement post of SMT's I found this question by user Dana-edwards. The answer is very informative.


> If Kik wanted to launch via a Steem SMT what advantage would they have on Steem vs on Ethereum? - dana-edwards

> Great question! First there are the token characteristics which would be immediately superior with 3 second fee-less transfers, but more importantly they would be able to launch the token with minimal engineering investment. People seriously underestimate just how much work it requires to launch an ERC20 before you even get to the mechanics of making sure that the token actually serves a function. Kik doesn't want to be a blockchain company and they shouldn't have to be just to integrate a token that actually works. When SMTs launch they will be far and away the easiest and most efficient way to integrate a token that will just work. The tokens will immediately start flowing to Kik's most valuable users as determined by the stake-weighted upvotes of Kik's users. - Andrarchy Community Liaison, Steemit

# Happy to read that.

------

I saw my friend @bennierex working on Steem app yesterday. He showed me how he could theoretically vote on a post through command lines. Amazing! if you are into that stuff.....Me? I just want to press a button. 

I love simplicity like probably 99.9% of the population.

Steemit works because it's simple.

In fact, it's so simple that I believe people often forget that they are actually on a blockchain when they use it. 

If SMT's will be just as simple as Steemit is. It's a winner in my book.

I talk about it more in my vlog.

---------


To recap what I learned and to keep it very simple:

1. STEEM(power) will be needed regarding everything SMT. (to start and to use).
2. SMT's will run on the Steem blockchain.
3. An SMT will be very simple to set up and implement.


------


![Exyle logo final _ RGB-04.png](https://steemitimages.com/DQmf84t6h3Ds3PRaKvNgnSgL9WZuWzphjXhBKJDfpGDun4g/Exyle%20logo%20final%20_%20RGB-04.png)

-----

[<img src="https://swcpoker.eu/images/SwCP_20.jpg">](http://swcpoker.eu/index.php?ref=Blazin8888/)


Bitcoin SwC Poker, download and use affiliate code:  Blazin8888
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vote details (145)
@abh12345 ·
$0.27
Hey man

Finally got my SMT post together today - was trying to organise it as a marketing pitch, but maybe a little too much jargon in hindsight.

SF2 getting closer, have you bought a new suit yet?! haha :D
👍  
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@abh12345 ·
$0.27
Thanks man! I put an afternoon into that blog, glad you liked(upped) it :D
👍  
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vote details (1)
@adnanrabbani ·
$0.28
nice post and some fantastic information @exyle, yes you are doing so intelligent thing by saving your SBD for buying steem on those dips and that great and it's also real beneficial for a long term, i am also trying to follow your strategy to buy on dips i hope it also works for me, well and very nice info to  set up an SMT, at first i thought it's difficult to set up an SMT but after reading your post i thought yes it's as easy as 1,2,3, and yes today the weather of Netherlands looks awesome the way wind is blowing and a little sunshine makes it looks more cool and attractive, have a very cheerful week ahead my friend, thanks for sharing
👍  ,
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vote details (2)
@bitgeek ·
comment
Congratulations @exyle, this post is the eighth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 17 and the total pending payments to posts in these categories was $968.14. To see the full list of highest paid posts across all accounts categories, [click here](www.steemit.com/steemit/@bitgeek/payout-stats-report-for-5th-october-2017--part-i). 

If you do not wish to receive these messages in future, please reply stop to this comment.
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@blazing ·
$0.27
Excellent use of SBD and a great mind of investment point of view its really cool and steem will be up and that too to much this time i think all credit will go to smt this time it is going to be a game changer
👍  
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vote details (1)
@bloomberg215 ·
$0.28
I also did the same, bought some Steem. Everything around 1$ for Steem is good entry point. Almost everything around SMT seems to be positive. It is time for Steem to skyrocket.
👍  ,
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@brensonttt ·
This is a very correct strategy. I think this is quite reasonable.
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@brothermic ·
$0.08
I do the same, i do 50/50 and buy more sp in dips :) great choice!
👍  
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vote details (1)
@buckydurddle ·
$0.27
Thanks for this @exyle. I am trying to get my head around the SMT concept, but it is exciting to hear that it will be easy to implement. As a music educator, I would like to explore how SMTs could be used for education incentives. For example, as students achieve certain learning goals then can receive tokens. These tokens can be used to 'buy' things: free time, access to special resources, etc. [I am thinking out loud here] I really  think that is is worth exploring and if SMTs are easy enough for someone like me to implement then it is VERY exciting. 

Perhaps Steemit may be a good place to find collaborators on this sort of project. We shall see. 

Thanks again for posting this. 
bucky
👍  
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vote details (1)
@calatorulmiop · (edited)
$0.29
The further we understand the SMT's mechanics the more we get a glimpse on how the future might look, the hype is starting to build and I am curious when steem's price will start reflecting that. Maybe we'll even see an @exyle token :)
👍  , ,
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vote details (3)
@stokjockey · (edited)
The Future is Bright @calatorulmiop
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@clumsysilverdad ·
I am buying more in the next few days as well.
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@cutiepie ·
smt's easy is what going to make it the best amongst all and steem being the main thing in the highlight will certainly boost it up
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@dinsha ·
it's always good to buy Steem when it is down, since Steem has a long way to go and surely the price will increase in few years time.
Cheers!
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@doctorjohn ·
$0.27
I just crossed 3000 Steem Power.  I am happy with my progress.  I will be curious to see how much will be required to host an SMT .
👍  
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vote details (1)
@exyle ·
$0.03
Congratulations on crossing 3000!
👍  
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vote details (1)
@droucil ·
$0.27
Simplicity might even be more important than the utilities. You can have a thousand functions, but if no one understands how to use them it's useless...
👍  
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@killerkuasha ·
Great Words to live by!!!!
i will always support you man!!!
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@kingsberry ·
I think everything is be positive level. Also I need to learn some of things about BTC. Thank you @exyle
Followed/ Upvoted/ Resteemed
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@madushanka ·
Excellent post @exyle. 
Thank you for share SMT`s
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@michelle.gent ·
$0.27
Aww this has been copied, but your vid was removed.

https://steemit.com/life/@tushartosi/steem-power

I've flagged the post.
👍  
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vote details (1)
@exyle ·
Well spotted! thanks.
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@michelle.gent ·
You're welcome :)
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@pipokinha ·
$0.10
All the Steemians are very excited with the SMT's, thank you @exyle for giving us a little more information about it.
👍  
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vote details (1)
@preparedwombat · (edited)
$0.47
I'm still trying to wrap my head around how big SMT's might be. For instance if Big Player X decides to enter the SMT space, how much SP would they need to have to have sufficient bandwidth? I understand that it's really an unanswerable question without having some idea what the varibles "Big" or "sufficient" are, but I wonder what some ballpark numbers might be. And how many Big Players might enter the space. Again, a huge unknown.

But the demand for Steem *might* be enormous. If so, what might happen to the price of Steem? Might those who now hold relatively modest amounts of Steem Power find  themselves quite well off just a few years from now?

And when will Steemit exit the beta stage? If that *also* happens in 2018 at the same time that SMT's take off, might not there be a rush to acquire Steem?
👍  ,
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vote details (2)
@exyle · (edited)
With my SP I can use 117gb bandwidth. I'm not sure how much bandwidth will be sufficient for a popular app (it's an interesting question!). If the demand is high for STEEM than the price will go up. 

> Might those who now hold relatively modest amounts of Steem Power find themselves quite well off just a few years from now?

Yes. This what I believe and why I stay invested.
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@progressivechef ·
Same like Steemit being such an easy to use platform...I am sure SMT will also be very easy both in creating and using.
properties (22)
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@rambeesbd ·
a very good video my friend ,, I wish you success always ,, i always follow you ... please helpya, upvot  follow restem
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@rogerblu ·
Good article did not think of it quite like this
properties (22)
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@serkagan ·
$0.28
I also hope that everything will be fine and the SMT  settings will pass without problems, I closely observe, wake up to live, see. Thank you @exyle
👍  , ,
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vote details (3)
@brensonttt ·
We all hope so. SMT tokens can be a big breakthrough that will anchor steem at new heights.
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@sheikh27 ·
nice to know that you bought some steem power, its a wise think tank for future investment, have a nice day all long.
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@sqamemal ·
$0.27
That Kik question was really interesting, if only they had waited a few months before implementing their ICO! They could have definitely been the first big SMTs.
👍  
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vote details (1)
@starving ·
$0.27
if anyone can set up smt's this would make it more easier and it will make the steem blockchain the best of all lots of good things about smt's
👍  
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vote details (1)
@steemitph ·
$0.27
I also keep the default payout settings and trade the spread in the internal market. The volatility of Steem in the last couple of weeks can be a benefit that way.
👍  
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vote details (1)
@steemphotography ·
you are slowly collecting steem and its going to be more valuable no doubt about it @exyle its a very nice investment to have keep collection and thanks for sharing update on the vlog :)
properties (22)
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@steemwija ·
@exyle - 50% SBD used to buy more Steem is a good idea Sir. love to hear your experience of Smt too Sir <3

+W+ [ReSteemed & UpVoted]
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@stokjockey ·
$0.03
One of my Favorite Steemians @exyle buying more STEEM for the Long Run..................Have a Wonderful Day
👍  
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vote details (1)
@sumjags09 ·
$0.27
when you buy your steem do you leave it on the exchange or do you put it in your steem wallet ⚒
SteemOn
always upvote and follow
👍  
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@exyle ·
Always in my Steem wallet.
👍  
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vote details (1)
@sumjags09 ·
thank you sir!!!   Great to know
properties (22)
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@team101 ·
Informative post and easy to follow.  Simple to use makes it a winner for me.
properties (22)
authorteam101
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@theguruasia ·
@exyle,
When you setup SMT, please let us know! I need a full guide!

Cheers~
properties (22)
authortheguruasia
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@tushartosi ·
Plz Upvote Me Back And Follow back For daily Upvote
👎  ,
properties (23)
authortushartosi
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vote details (2)
@tushartosi ·
Plz Upvote Me Back And Follow back For daily Upvote
👎  ,
properties (23)
authortushartosi
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vote details (2)
@tushartosi ·
Plz Upvote Me Back And Follow back For daily Upvote
properties (22)
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@sqamemal ·
Please downvote this comment or teach him some steemetiquettes!
👍  
properties (23)
authorsqamemal
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vote details (1)
@yaanivapeji · (edited)
Interesting views. Buying more steem is good for those with the cash.
properties (22)
authoryaanivapeji
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